Countrywide Inflated Home Values: Whistleblower Suit
As a result, FHA ended up insuring home mortgages under false pretexts, and the government ended up repaying lenders at falsely inflated amounts if borrowers defaulted, according to relator Kyle W. Lagow's complaint, filed in May 2009.
Since at least 2003, Countrywide and its affiliates “have continued to corrupt the...
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